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Values dip to $2.31M, Rent to $8.4K
Updated 11 days ago • 18 new comps
Your Investment Paths
Turnkey Rental
This property shows strong rental appeal in an upscale area. Based on local market data, you can expect a monthly income between $7,934 and $10,295, offering a solid gross yield of approximately 5.45% for investors. With an appreciation potential of about $37,631 annually, this asset balances steady cash flow with long-term value growth. The current market rates suggest this property is well-positioned for high-end tenants seeking premium living space.
More about this home
Neighborhood Assessment
This vacant lot sits in **Summerlin South**, one of Las Vegas’ most desirable, master‑planned areas with strong demand and a clear luxury profile. Nearby lots on Crested Sky and Vista Altura have been selling in the low‑to‑mid $2M range, which tells you buyers here are paying for exclusivity, views, and modern design potential. You’re close to Downtown Summerlin, Red Rock Canyon, golf, shopping, and dining, so lifestyle amenities are a big draw. Public schools are decent at the elementary and middle levels, though the zoned high school is weaker, so many higher‑end buyers lean on charters or private options. Fire and heat risk are notable and will push up insurance, but that’s pretty typical for upscale desert communities.
Market Activity
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Rental Income
$109K
Yield
5.4%
Appreciation
$38K
Year 1 Estimates
Fix-and-Flip
Modernizing a home creates a fresh, inviting atmosphere that resonates with buyers. While market benchmarks fluctuate, homes with recent improvements offer a unique lifestyle appeal, often helping a property stand out in a competitive neighborhood. At $406 per square foot compared to the $533 baseline, these updates represent a 24% shift in valuation. Focusing on quality finishes can elevate your home’s charm, potentially driving stronger interest and creating a more desirable living space.
Comps
7
Buy-Rehab-Rent
This luxury property offers a post-renovation value between $1,982,000 and $2,191,000. While the scale is impressive at 5,500 square feet, the projected renovation uplift remains modest, requiring careful capital allocation to ensure long-term value creation. Projected annual rental income sits at $74,148, delivering a 3.6% yield. Given the high price point and slow market turnover, this investment functions better as a long-term equity play rather than a high-cash-flow rental opportunity.
Rental Income
$74K
Yield
3.6%
Appreciation
$39K
Year 1 Estimates, Post Typical Renovation
Estimated value
$2.0M
5019 Crested Sky St, Las Vegas Investment Report: Flip & Rental Analysis · Frontflip